....and fearful when others are greedy. Pear, good shout. FMG need to get the gearing sorted, still a HUGE debt, and whilst they are out of the woods of potential bankruptcy, they are far from swimming in rivers of gold. longer term, acquisitions, diversification, it will all come. but this year, every dollar to debt. whilst its nice, id have been happier without the divvy and a lower debt/equity ratio. oh well, good beer money. short term i see a bit of a pull back on the cards, port inventories are high and there will likely be some spot weakness (which translates to the retail investor as the end of chinese demand altogether). i'll chuck a few more in the trolley should that occur, but unlikely until ex div. long term, i'll hopefully be swimming in those rivers of gold
FMG Price at posting:
$6.02 Sentiment: LT Buy Disclosure: Held
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